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EURUSD - This is how to read the chart!

Writer: Panagiotis DiamantopoulosPanagiotis Diamantopoulos

Knowing how to read Speed Index makes the difference.

The story:

  1. Hit a Fib Area

  2. Fake move with that 8.4F speed index

  3. Abnormal Speed Index of 31.6 which hard time to move up or Effort vs. Result according to Wyckoff, the higher the speed index the more effort and the less the result.

  4. ...and then down we go!


You can see my order and my target my stop is already at break even.

If you wish to really learn how to read the charts contact me at info@tradethevolumewaves.com



 
 

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